This afternoon I opened the chart and was stunned: $KAVA just took a plunge unlike anything I’ve seen in a long time — down 56.8% in 24 hours, from 0.0685 all the way to 0.0251.
Looking back at yesterday’s two 1H candles shows just how brutal it was: one candle fell 32.5%, the next 21.4%, and volume surged past 100 million KAVA in just one hour. This wasn’t a gradual sell-off; it was a rapid wave of heavy selling.
Now the price is sitting still around 0.029. The last six candles have been moving sideways between 0.029 and 0.031, and the 1H RSI has recovered to 44.3 after nearly touching 0. I read this as selling pressure gradually easing, but the price is still well below the EMA20 (0.0340) and EMA50 (0.0462) — the short-term trend hasn’t reversed yet.
The broader market isn’t helping either: $BTC is at $64,462 (-4.3%), ETH is at $1,792 (-5.9%), and only 13 of 194 pairs are in the green. KAVA is falling in its own way, but it’s happening while the market is deep in the red, which makes the drop even more severe.
I’m watching two levels: if it holds 0.0251, there’s room for a technical rebound to 0.0340; if it loses 0.0251, it will likely slide further toward 0.0200. I’m not rushing to draw any conclusions yet — first I want to see whether the next 1H candle can hold the low.
Data analysis, not investment advice.
#KAVA #Bitcoin #Crypto
Looking back at yesterday’s two 1H candles shows just how brutal it was: one candle fell 32.5%, the next 21.4%, and volume surged past 100 million KAVA in just one hour. This wasn’t a gradual sell-off; it was a rapid wave of heavy selling.
Now the price is sitting still around 0.029. The last six candles have been moving sideways between 0.029 and 0.031, and the 1H RSI has recovered to 44.3 after nearly touching 0. I read this as selling pressure gradually easing, but the price is still well below the EMA20 (0.0340) and EMA50 (0.0462) — the short-term trend hasn’t reversed yet.
The broader market isn’t helping either: $BTC is at $64,462 (-4.3%), ETH is at $1,792 (-5.9%), and only 13 of 194 pairs are in the green. KAVA is falling in its own way, but it’s happening while the market is deep in the red, which makes the drop even more severe.
I’m watching two levels: if it holds 0.0251, there’s room for a technical rebound to 0.0340; if it loses 0.0251, it will likely slide further toward 0.0200. I’m not rushing to draw any conclusions yet — first I want to see whether the next 1H candle can hold the low.
Data analysis, not investment advice.
#KAVA #Bitcoin #Crypto
